Property for sale in Holmes Street Burnley BB11

Sale Price: £40,640

Holmes Street Burnley, BB11 3BE

Property
-- Bed(s)
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Street Address

Holmes Street Burnley, BB11 3BE

Property description

This student investment opportunity is located in the heart of Burnley and is very close to both they Towns' universities & amenities. Offering self contained purpose built studio units & with a 10% net rental returns assured for 5 years this is an ideal investment for anyone looking for a rewarding, hassle free opportunity.

INVESTMENT HIGHLIGHTS:

Self-contained Purpose Built Studios priced at  £44,950

10% NET Rental Returns with a 5 year rental assurance

Interest accrued on deposit

Defined exit strategy

Within 250m of the University College of Football Business (UCFB)

Fully managed by an experienced student accommodation provider

999-year lease

Income paid monthly in arrears

£2,000 to reserve

 

EXIT STRATEGY:

Developer Option

This exit is based on the resale of the entire building to an institutional or corporate investor

Institutional investors typically buy an asset with a proven track record. Investors will have a put option written into the purchase contract stipulating the unit has to be sold if a minimum uplift of 30% on the purchase price is achieved. This developer option can be executed between the 5th & 7th anniversary from completion

Investor Option

This investor option can be executed between the 5th & 7th anniversary from completion.

Property Features :

  • Self Contained Purpose Built Student Accomodation Studios
  • Priced at just £44,950
  • 10% Net Investment Return Assured For 5 Years
  • Defined Exit Strategy
  • Fully Managed Hassle Free Investment
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